Q$\mathrm{.}3$ Raysut owns $30$ percent of the outstanding stock of Thumrait and has the ability to significantly influence the investee$$s operations and decision making. On January $1,2021,$ the balance in the Investment in Thumrait account is $335,000$ OMR. Amortization associated with this acquisition is $9,000$ OMR per year. In $2011,$ Thumrait earns an income of $90,000$ OMR and pays cash dividends of $30,000$ OMR. Previously, in $2020,$ Thumrait had sold inventory costing $24,000$ OMR to Raysut for $40,000$ OMR. Raysut consumed all but $25$ percent of this merchandise during $2010$ and used the rest during $2021.$ Thumrait sold additional inventory costing $28,000$ OMR to Raysut for $50,000$ OMR in $2021.$ Raysut did not consume $40$ percent of these $2011$ purchases from Thumrait until $2022.$

a$.$ What amount of equity method income would Raysut recognize in $2021$ from its ownership interest in Thumrait?

b$.$ What is the equity method balance in the Investment in Thumrait account at the end of $2021?$